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Dec 5, 2012
12/12
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as i said, there's been a coordinated crackdown around the world of anti-bribery law in the u.k. and a big run in russia. corruption is everywhere. >> why isn't the united states further up the ranking? >> part of the problem and united states is always ranked around this area below top 10%. what they say is a lot of it has to do with just corruption not being enough of a priority. they say that the financial crisis changed some of that and people are starting to pay attention and citing a poll that 80% of americans believe that the financial crisis was the result of some public corruption. so it's more in the consciousness there and that affects the perception. it still has a long way to go. >> fascinating. thanks very much. >>> still ahead this morning, we've seen a wide range of companies unloading special dividends this quarter. have the nonissuing companies now made the wrong move. we'll take a deeper dive into that and talk about names that have yet to declare one and what it means for them ahead of the fiscal cliff. try running four.ning a restaurant is hard, fortunately w
as i said, there's been a coordinated crackdown around the world of anti-bribery law in the u.k. and a big run in russia. corruption is everywhere. >> why isn't the united states further up the ranking? >> part of the problem and united states is always ranked around this area below top 10%. what they say is a lot of it has to do with just corruption not being enough of a priority. they say that the financial crisis changed some of that and people are starting to pay attention and...
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Nov 1, 2012
11/12
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all of our local board of elections are required under state law to file emergency plans for alternative voting sites, alternative paper ballot options. all kinds of contingencies are planneded for should something occur and we don't foresee any of those things happening, but i just want to reassure folks that in case something does happen, we're still prepared for that. >> if i am an ohio resident and i have cast my vote by mail, should i be concerned that during the hurricane, there's been in disruptions in the mail? what has been done to make sure those ballots are safe and secure? >> we have not experienced any disruption of postal service delivery as it relates to our ballots. in ohio if you have cast a ballot by mail and you're uncertain, you can actually contact the board of elections and they can verify that your ballot has been received and if it has not, they can accommodate you in another way. voters can validate the receipt of their ballots and we make it one of the most convenient -- we have accommodated the states for 35 days, we have had 1.2 million votes cast, of about 5.
all of our local board of elections are required under state law to file emergency plans for alternative voting sites, alternative paper ballot options. all kinds of contingencies are planneded for should something occur and we don't foresee any of those things happening, but i just want to reassure folks that in case something does happen, we're still prepared for that. >> if i am an ohio resident and i have cast my vote by mail, should i be concerned that during the hurricane, there's...
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Dec 7, 2012
12/12
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will the federal government seek to block the new law? we'll answer that. >>> let's get breaking news here. hedge fund john paulson hedge fund manager having another tough year. official numbers for the month of november. >> so november proved to be another difficult month for john paulson. his advantage fund which employees strategies from each of his individual strategies was down about 3.6% making it down more than 17% year-to-date through the month of november. that means his advantage plus fund which is a more levered version of that is likely now down more than 20% year-to-date through november. also his gold fund, a very difficult november down about 9.5% in gold, which leave it is down close to 30% year-to-date again through november. this is a very disappointing performance on an absolute basis but also on a relative basis. if you look at hrfx which is a hedge fund put together, it's flat and up about .4% year-to-date. certainly not screaming good performance but certainly better than how paulson is doing. and then if you look at
will the federal government seek to block the new law? we'll answer that. >>> let's get breaking news here. hedge fund john paulson hedge fund manager having another tough year. official numbers for the month of november. >> so november proved to be another difficult month for john paulson. his advantage fund which employees strategies from each of his individual strategies was down about 3.6% making it down more than 17% year-to-date through the month of november. that means his...
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Nov 8, 2012
11/12
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. >> sounds like a large part of your argument is it's been long enough to have these laws not tied down, and not pinned down and not written, write? that's the problem. >> i say no more excuses. let's get on with it. it's been two years for dodd-frank and if you're regulators and let's get the laws written and eliminate some of the uncertainy and if you're the banks no more excuses also. at some point you have to play the ball where it lies and so it would be nice to get back to the business of banking because where we've come from is we're in a situation like japan and the real question is how much longer will we be like japan and what's worse than japan is the degree to uncertainty and look at this one example. the volcker rule was implemented to make banks safer and standard & poor's indicated they might downgrade the bank due to the volcker rule. nobody wanted that scenario. if they wanted to make it safer, let's make it safer and get it done. >> has political risk to the sector increased after tuesday night, yes or no? >> no. >> no one's been a bigger critic of the external risk to
. >> sounds like a large part of your argument is it's been long enough to have these laws not tied down, and not pinned down and not written, write? that's the problem. >> i say no more excuses. let's get on with it. it's been two years for dodd-frank and if you're regulators and let's get the laws written and eliminate some of the uncertainy and if you're the banks no more excuses also. at some point you have to play the ball where it lies and so it would be nice to get back to...
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Jul 6, 2012
07/12
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>> you know, i think it's the law of dmining returns. eventually you're going to see less and less benefit to these ging things. the money is out there. it's a matter of getting the money to the people who could use it and who would spend it. the banks don't want to make those loans yet. >> bob, thanks so much. >>> one day after the ecb cut interest rates to record lows, more jitters surrounding the eu debt crisis, the yields on the spanish ten-year bond trading above levels not incidence seen since before last week's eu summit. christine lagarde saying the imf will lower its global growth forecast in ten days because of the problems in europe. she'd already taken down some of her numbers for the u.s. saying fiscal cliff and the eurozone. but the notion they would take down their numbers for the world at large, not a huge surprise at this point. >> the remarks from the finnish finance minister bears some examination. if we think about greece saying, we don't want to be part of this trade, finland's on the other side of the trade saying,
>> you know, i think it's the law of dmining returns. eventually you're going to see less and less benefit to these ging things. the money is out there. it's a matter of getting the money to the people who could use it and who would spend it. the banks don't want to make those loans yet. >> bob, thanks so much. >>> one day after the ecb cut interest rates to record lows, more jitters surrounding the eu debt crisis, the yields on the spanish ten-year bond trading above...
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Feb 1, 2012
02/12
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at legalzoom.com, we put the law on your side. ♪ you and me and the big old tree ♪ ♪ side by side, one, two, three ♪ ♪ count the birds in the big old tree ♪ ♪ la la la [ male announcer ] the inspiring story of how a shipping giant can befriend a forest may seem like the stuff of fairy tales. ♪ ♪ you and me and the big old tree side by side ♪ but if you take away the faces on the trees... take away the pixie dust. take away the singing animals, and the charming outfits. take away the sprites, and the storybook narrator... [ man ] you're left with more electric trucks. more recycled shipping materials... and a growing number of lower emissions planes... which still makes for a pretty enchanted tale. ♪ la la la whoops, forgot one... [ male announcer ] sustainable solutions. fedex. solutions that matter. >>> let's get to squawk on the tweet. when facebook does submit this ipo full-timing the value of the offering is expected to be about $5 billion. we're asking you what's the first thing they should do with that money when they raise it. start changing a membership fee if t
at legalzoom.com, we put the law on your side. ♪ you and me and the big old tree ♪ ♪ side by side, one, two, three ♪ ♪ count the birds in the big old tree ♪ ♪ la la la [ male announcer ] the inspiring story of how a shipping giant can befriend a forest may seem like the stuff of fairy tales. ♪ ♪ you and me and the big old tree side by side ♪ but if you take away the faces on the trees... take away the pixie dust. take away the singing animals, and the charming outfits. take...
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Mar 2, 2012
03/12
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it is may have to do with the law former friend okatu. we're still waiting, still spending. shares of course were up nightly. intoic to you guys. >> the but anything down here this morning, the ipo of yelp, the last big one before facebook hits the street. the latest issue of "fortune" features a peek behind the scenes into the world of mark zuckerberg. good morning to you. >> hello. >> it still comes back to the same position, the cult of zuck, he's in full control and investors are foolish if they think he won't maximize here. >> we thought it would be a good idea to get into the management story, right in we wanted to know if this was about one guy or if there was a thorough understanding in the company it was a tightly disciplined place that could help innovation bubble up from anyone. >> answer? >> and these guys have been thinking about this for a long time. they have, you know, mark spelled it out in the investor letter. he called something out called the hacker way. we went behind the scenes to figure it out. we discovered a very disciplined approach, a whole team of
it is may have to do with the law former friend okatu. we're still waiting, still spending. shares of course were up nightly. intoic to you guys. >> the but anything down here this morning, the ipo of yelp, the last big one before facebook hits the street. the latest issue of "fortune" features a peek behind the scenes into the world of mark zuckerberg. good morning to you. >> hello. >> it still comes back to the same position, the cult of zuck, he's in full control...
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Jul 5, 2012
07/12
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if you want to work in a bank you should probably get a law degree with an emphasis on looking over traders' shoulders which doesn't sound exciting in the end, does it? >> right. the banks across the board are trading sharply lower. look at jpmorgan, down by 3%. not quite at that low hit before jamie diamond hit the hill to testify. we are seeing in particular, the european banks get hit heavily off the back of the libor price fixing scandal and investigation going on. ubs is down 3.7%. rbs down # 5% at this hour. really sharp. >> that, to me, is the next story. kelly alluded to it earlier. which banks will be hit next? we know ubs is among them and jpm mentioned it was under investigation, too. the real issue is the civil suits. if someone can come up with a clever legal theory to say i have been harmed by libor manipulation and you owe me money, someone will do it. >> there will be a class action. because there will be more on one. >> that will be the biggest hit to the banks coming forward. >> come back. >> when we come back, ism services, a big number. don't go away. here's one you may
if you want to work in a bank you should probably get a law degree with an emphasis on looking over traders' shoulders which doesn't sound exciting in the end, does it? >> right. the banks across the board are trading sharply lower. look at jpmorgan, down by 3%. not quite at that low hit before jamie diamond hit the hill to testify. we are seeing in particular, the european banks get hit heavily off the back of the libor price fixing scandal and investigation going on. ubs is down 3.7%....
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Apr 4, 2012
04/12
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so i'm very proud to sign this bill into law. i should say that our work isn't done. there's obviously more that we can do to close the deficit of trust and limit the influence of money in politics. we should limit any elected official from holding stocks in industries that they have the power to impact. we should make sure people who bundle campaign contributions for congress can't lobby congress. and vice versa. these are ideas that should garner bipartisan support. and they certainly have wide support outside of washington. and it's my hope that we can build off today's bipartisan effort to get them done. in the months to come we're going to have plenty of debates over competing visions for this country that we all love. whether or not we invest in the things that we need to keep our country safe, and to grow our economy so that sustained and lasting, whether or not we'll ask some of our wealthiest americans to pay their fair share, how we're going to make sure that america remains a land of opportunity and upward mobility for all people who are
so i'm very proud to sign this bill into law. i should say that our work isn't done. there's obviously more that we can do to close the deficit of trust and limit the influence of money in politics. we should limit any elected official from holding stocks in industries that they have the power to impact. we should make sure people who bundle campaign contributions for congress can't lobby congress. and vice versa. these are ideas that should garner bipartisan support. and they certainly have...
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Aug 1, 2012
08/12
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law firm in the next year, but right now trying to see where his olympic career takes him. he did carry the flag for haiti at the open ceremony on friday fight. incredible story, guys. >> what is amazing, the more you dig into it, is a series of thousands of great story, because they are all national champions. i appreciate you've got the zuckerberg connection here, but time and time again, look at the kids can the gymnastics. >> even without the zuckerberg connection, it will be a remarkable store. >> what's the atmosphere like? >> the power of these games. you never think you're going to get sucked in, but they are all so compelling. by the time the games begin, you cannot turn it off. that probably explains the ratings. >> will we have a deep expose into badminton-gate, accusations that both south korea -- they were trying to throw the match, because they didn't want to be first in the pool, because they would have to play the unstoppable chinese team? a little scandal too, what is it, a pitch? >> eight players have obviously now been disciplined. you know it's bad when
law firm in the next year, but right now trying to see where his olympic career takes him. he did carry the flag for haiti at the open ceremony on friday fight. incredible story, guys. >> what is amazing, the more you dig into it, is a series of thousands of great story, because they are all national champions. i appreciate you've got the zuckerberg connection here, but time and time again, look at the kids can the gymnastics. >> even without the zuckerberg connection, it will be a...